If the Current Account Is in Deficit, We Know That

question 282

Multiple Choice

If the current account is in deficit, we know that

• A) the merchandise trade balance is also in deficit.
• B) the merchandise trade balance is in surplus.
• C) the financial account is in surplus.
• D) there is a statistical discrepancy in the surplus.

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Definitions:

Inference Forms

Patterns of reasoning that determine the validity of an argument by analyzing its structure.

HS

A logical argument pattern of hypothetical syllogism, involving two conditional statements leading to a conclusion.

MP

Stands for "Member of Parliament," but in a logical context, it refers to a deductive pattern of reasoning where a specific conclusion is inferred from a general rule and a specific case.

Conj

An abbreviation for "Conjunction," a logical operator that connects two conditions or propositions where both must be true.